Iraq’s crude oil exports rose to their highest level since 2003 in March, at 2.317 million barrels per day (bpd) from 2.014 million bpd in February thanks to a new offshore export terminal, the State Oil Marketing Organisation said on Sunday.
Iraq’s State Oil Marketing Organisation (Somo) has signed a contract to buy around 1.5 million tonnes of gasoil and gasoline for delivery over the first half of the year, Reuters has reported, citing industry sources.
Iraq’s State Oil Marketing Organisation (Somo) has signed a deal to buy nearly 1.5 million tonnes of gasoil and petrol for delivery over the first half of the year, industry sources said yesterday.
Iraq’s oil exports averaged 2.165 million barrels per day last year at an average price of $104.90 per barrel, the head of the State Oil Marketing Organisation said on Sunday.
Iraq’s revenue from exporting crude oil for the first four months of 2011 is expected to reach some $26.7 billion (Dh98.07 billion), a record high since the country started exporting its oil decades ago, the head of its State Oil Marketing Organisation,…